Ocultun is a producing conventional oil field located onshore Guatemala and is operated by City Peten S De RL. The field is located in block 1-2006.
Field participation details
The field is owned by Ford Resources Group.
Production from Ocultun
The Ocultun conventional oil field recovered 15.66% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 0.83 thousand bpd of crude oil and condensate and 7 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071. The field currently accounts for approximately 24% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 11.48 Mmboe, comprised of 4.71 Mmbbl of crude oil & condensate and 40.63 bcf of natural gas reserves.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.